Zeus you state t5 has light output of 4300, would reflectors make that equivalent to 8600?
No the output of a T5 tube lumens is in all directions, adding a reflector focusses the light into the tank, rather than into room and/or aquarium hood and/or your eyes when tank fiddling.
See here for pictures.
https://www.iquaticsonline.co.uk/reflectors/t5-reflectors/2-x-54w-t5-aluminium-reflector.html
I'm confused about the leds using more electricity for same rating, if the led is more than the t5 in cost and running cost what would be the benefit of using leds instead?
Yes people get on their high horses about LED's using less power, greenness etc but that is not always 100% true.
I good T5 HO tube will do about 100 Lumens per Watt power. eg the 54W Arcadia tube.
Smaller lower power LED's (say 1/3 W each) as used by cheaper LED light suppliers are around 30-40 lumens per Watt, this is still significantly greater than a standard incandescent light bulb of 5 lumens per Watt (15 Lumens per Watt for halogen bulbs). The Aqualantis units are 90 lumens per Watt so not too different from T5 HO. To get greater efficiency you need to move to 1W, 3W & 10W single LED's where efficiencies start at over 100 Lumens per Watt. But these LED's start at a couple of £ each thus the light fixture will not be cheap, which is why proper aquatic LED lights cost in the £100's.
Main advantage of LED's is possibly, though always as you have seen, lower running cost. However 2 x 54W T5 HO cost about £50 a year to run @ 8 hours a day, LED's might be 3/4 that so saving £15 a year. You need to work out pay back time.
Another LED advantage is life time. LED's if designed properly ie LED's cooled correctly & properly (non Chinese !!!) electronics will last 50,000 hours to 80% brightness (17 years at 8 hours a day). T5 HO are rated 80% brightness in 20,000 hours. However in practice cheaper LED's electronics will fail before the LED's and T5 tubes heaters (at the ends of the tubes) will fail before the light output drops.